Resorts World Genting have no choice but to cease operations until February 4, as a new lockdown is put in place.
With Covid rates increasing, travel has now been restricted in Malaysia, forcing the casino to reduce operations.
A gradual recovery in Malaysia’s casino sector is possible, even if it is going to extremely slow.
While the Genting group recovered from their horrible Q2, they warn that the rest of the year still looks uncertain.
Resorts World Catskills was struggling long before the current coronavirus situation, and it needs help to stay alive more than ever.
Resorts World Catskills will be taken private once the deal is signed between the property’s owner, Empire Resorts, and Genting Malaysia.
Genting told shareholders they have nothing to fear, and that they would defend their proposed Empire Resorts merger.
Genting Malaysia Bhd sees an uptick to its EBITDA for the quarter at $98.7 million, however a report shows a decline in the gaming segment for its Resorts World Genting.
Genting’s big buyout of Empire Resorts is a plan to enter the Upstate New York market.
Genting Malaysia’s board has agreed to withdraw its request the country’s government to launch a judicial review of the tax incentives.